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(ZENITHSTL_BE) Zenith Steel complete technical analysis [charts+indicators] | Buy/Sell Zenith Steel | (ZENITHSTL_BE) share price targets

Complete technical analysis of Zenith Steel (ZENITHSTL_BE) by charts plus indicators, forecast predictions and share price targets for Zenith Steel (ZENITHSTL_BE)

Showing technical analysis as on 2024-10-16 View latest technical analysis

10 day averaged volume of Zenith Steel is 61878

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	9.36	9.64	9.64	9.36	0.596 times
15 Tue Oct 2024	9.46	9.38	9.50	9.38	0.744 times
14 Mon Oct 2024	9.36	9.41	9.56	9.36	0.92 times
11 Fri Oct 2024	9.56	9.64	9.64	9.55	0.735 times
10 Thu Oct 2024	9.65	9.71	9.71	9.65	0.747 times
09 Wed Oct 2024	9.85	9.55	9.89	9.55	1.457 times
08 Tue Oct 2024	9.70	9.70	9.70	9.70	0.25 times
07 Mon Oct 2024	9.90	9.90	9.90	9.90	0.108 times
04 Fri Oct 2024	10.11	10.15	10.15	10.11	0.477 times
03 Thu Oct 2024	10.32	10.34	10.34	10.32	2.874 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 9.5, but if it comes above 9.5, then a intra day buy could be more profitable.
If you take a sell trade below 9.5, then use 9.5 as stoploss and 8.6 as target. However if you take a buy trade in stock , then use 9.5 as stoploss and 10.26 as target.

Share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Target	7.00
Downside Target	8.60
Downside Target	8.80
Downside Target	9.36
Upside Target	9.90
Upside Target	10.16
Upside Target	10.34
Upside Target	10.93
Upside Target	11.04
Upside Target	11.15
Upside Target	12.50
Upside Target	15.45

Intraday share price targets for Zenith Steel (ZENITHSTL_BE)

Target Type	Value
Downside Intraday Target	9.27
Downside Intraday Target	9.17
Upside Intraday Target	9.55
Upside Intraday Target	9.73
Upside Intraday Target	9.45

Weekly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	9.36	9.41	9.64	9.36	0.686 times
11 Fri Oct 2024	9.56	9.90	9.90	9.55	0.503 times
04 Fri Oct 2024	10.11	9.95	10.34	9.95	1.418 times
27 Fri Sep 2024	10.16	11.04	11.04	10.16	0.175 times
20 Fri Sep 2024	11.27	12.12	12.50	11.15	1.016 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Zenith Steel (ZENITHSTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	9.36	10.14	10.34	9.36	0.133 times
30 Mon Sep 2024	9.95	9.56	12.50	9.56	2.426 times
30 Fri Aug 2024	9.38	10.93	10.93	8.80	0.213 times
31 Wed Jul 2024	11.16	14.72	15.45	9.53	1.941 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Zenith Steel (ZENITHSTL_BE)

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zenith Steel ( (ZENITHSTL_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Zenith Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Zenith Steel in short term and the sell signal is strong.

Zenith Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Zenith Steel in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Zenith Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 9.86 and Zenith Steel (ZENITHSTL_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Zenith Steel (ZENITHSTL_BE) stock. Volume based technical analysis of Zenith Steel (ZENITHSTL_BE) stock is negative.

Zenith Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.